I agree comrade ✊🏾

There are many different types of socialism, and not all of them are the same. Some forms of socialism are more authoritarian, while others are more democratic. Some forms of socialism focus on nationalizing the means of production, while others focus on providing social welfare programs.

This is straight up propaganda. Socialism is not authoritarian, but democratic. Socialism is not when the government gives welfare programs 🤦🏾‍♂️.

This now makes me wonder if the people interviewed knew what socialism is.

Yep, because China actually invest on their people!

Wow, is that a website to access any website without the pay wall?

The article says that this was a one time lucky happenstance and that things will go back to the way it has been historically. It says that black households didn’t get as hard hit in the pandemic because they lack substancial diversified investments, and that did nothing to lower the racial wealth gap.

From your article:

“A blip?

Experts cautioned that just one study focusing on a short time frame might not represent a sustainable bridging of the racial wealth gap.”

“I don’t think it signifies any true bridging in racial wealth inequality,” Dedrick Asante-Muhammad, chief of organizing, policy and equity at National Community Reinvestment Coalition, said in an interview. “What we want to see is substantial homeownership increases, long-term home value increases, income and maybe in 401(k)s and stocks.”

Meanwhile, any progress seen during recent years could be unwound if the economy is tipped into a recession on the back of aggressive rate hikes.

“If we do have a recession this year, I think that’s going to reverse some of it,” Bryson said. “Historically, the gap between the Black and non-Black unemployment rate tends to rise as the economy enters recession.”

“One factor contributing to the slight shrinking in the wealth gap is actually the fact that the assets of Black households are much less diversified.”

“Because of their lower exposure to the stock market, Black Americans didn’t experience huge fluctuations in their equity holdings amid the wild swings on Wall Street in 2022. The S&P 500 tumbled nearly 20% last year for its worst annual loss since 2008.”

This is similar to how the original study shows a significant decrease in the racial wage gap during the 2008 recession. it wasnt correlated with any significant economic gain in the black community, but simply a reflection of the fact that they had less to lose.

Did you read the article?

How do you make the text on the post look like that? I keep trying to, but it doesn’t let me. Mine just look like this.

https://youtu.be/4UWDCSL7P9w

I am trying to upload a link, but I cannot make it look like that? How do you do it?

Thanks! But, why not use Mastodon and let fascist Twitter die out?

To me it is crazy that they say that increasing wages will contribute to inflation. So what? Let’s just let everyone starve for the sake of the economy? 🙄